Apollo World Administration has revealed that greater than 80 per cent of its property beneath administration (AUM) at the moment are supported by its ESG credit score crew, because it seems to channel $50bn (£39.4bn) into clear power and local weather investments throughout all asset classed by 2027.
The choice asset supervisor’s credit score technique is its largest by AUM, spanning each non-public and public markets.
Apollo’s 2023 sustainability report stated that greater than 80 per cent of its AUM is supported by the ESG credit score crew as of 31 December 2023, up by 60 per cent from the fourth quarter of 2022.
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102 of Apollo’s funds or single-managed credit score accounts obtain periodic ESG reporting, a 108 per cent enhance from the tip of 2022, whereas greater than 290 local weather and transition, affect and sustainability-linked assessments have been performed – a 114 per cent rise.
“Apollo’s place because the inaugural chair of the ESG Built-in Disclosure Venture demonstrates our dedication to advancing environmental, social and governance integration throughout the non-public credit score markets and has contributed to the optimistic momentum of the initiative since its preliminary launch,” stated Michael Kashani, head of ESG Credit score at Apollo.
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“A harmonized strategy can facilitate the event of fabric ESG disclosures, serving to sort out one of many biggest challenges dealing with the non-public credit score markets at this time. Higher availability of information helps our give attention to worth creation and assembly stakeholder wants, together with our ongoing efforts to develop revolutionary local weather and transition financing options.”
Apollo’s annual sustainability report additionally revealed that the agency has deployed, dedicated or organized $10bn in direction of clear power and local weather investments throughout all asset courses in 2023, advancing progress in direction of its 2027 goal.
“We view the worldwide transition to a cleaner financial system and sources of power as one of many largest strategic enterprise alternatives of our time,” stated Apollo co-president Scott Kleinman. “I’m happy with the best way Apollo and our individuals have seized this chance to bolster our place as a number one supplier of versatile capital and companion of alternative. I additionally look ahead to seeing our groups proceed to leverage the broader Apollo ecosystem to broaden the scope and affect of our efforts to speed up progress, worth and sustainable practices for the advantage of our agency, shoppers and companions.”
Learn extra: Apollo exec forecasts rise in hybrid financial institution/non-public credit score offers
